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LONG-TERM DEBT (Details 2 - Narrative)
3 Months Ended 12 Months Ended
Oct. 30, 2023
Oct. 30, 2022
Oct. 30, 2021
Oct. 30, 2020
Nov. 02, 2015
Mar. 31, 2016
USD ($)
Mar. 31, 2015
USD ($)
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Jan. 01, 2015
Debt Instrument [Line Items]                    
Number of CLOs Deconsolidated                   30
Number of CLOs consolidated           2   2 31 1
Number of Credit Funds Consolidated           2   2    
Consolidated CLOs and Other [Member]                    
Debt Instrument [Line Items]                    
Long-term Debt, Gross           $ 1,360,725,000 [1]   $ 1,385,226,000 [1],[2] $ 12,760,565,000 [2]  
Proceeds from Issuance of Debt           0 $ 0 484,200,000 3,300,000,000  
Repayments of Long-term Debt           0 16,100,000 152,500,000 1,600,000,000  
Variable Interest Entity, Consolidated, Carrying Amount, Assets           1,200,000,000   1,200,000,000 12,557,293,000  
Warehouses                    
Debt Instrument [Line Items]                    
Long-term Debt, Gross [3]               0 51,000,000  
March Junior Subordinated Debt [Member]                    
Debt Instrument [Line Items]                    
Long-term Debt, Gross [4]           95,000,000 [5]   $ 95,000,000 95,000,000  
March Junior Subordinated Debt [Member] | Through April 30, 2015                    
Debt Instrument [Line Items]                    
Debt Instrument, Interest Rate During Period               1.00%    
Subordinated notes of Consolidated CLOs | Consolidated CLOs and Other [Member]                    
Debt Instrument [Line Items]                    
Repayments of Long-term Debt           4,900,000 700,000 $ 18,300,000 230,000,000  
Revolving credit facility | Consolidated CLOs and Other [Member]                    
Debt Instrument [Line Items]                    
Proceeds from Issuance of Debt           0 $ 33,100,000 153,600,000 19,600,000  
October Junior Subordinated Debt [Member]                    
Debt Instrument [Line Items]                    
Long-term Debt, Gross [6]           25,000,000   25,000,000 25,000,000  
Senior Notes [Member]                    
Debt Instrument [Line Items]                    
Long-term Debt, Gross [7]           $ 40,000,000   $ 40,000,000 [8]    
Debt Instrument, Interest Rate During Period           8.50%   8.50%    
Debt Instrument, Redemption Price, Percentage 100.00% 101.417% 102.834% 104.25% 101.00%          
Debt Issuance Cost               $ 2,100,000    
Interest Expense, Debt               540,000    
Subordinated and Senior [Member]                    
Debt Instrument [Line Items]                    
Long-term Debt, Gross           $ 160,000,000   $ 160,000,000 $ 120,000,000  
[1] The subordinated notes of the Consolidated CLOs do not have a stated interest rate and have been excluded from the calculation of the weighted average borrowing rate. As of March 31, 2016 and December 31, 2015, long-term debt of the Consolidated CLOs and Other includes $151.7 million and $153.1 million of credit fund debt, respectively.
[2] Pursuant to the adoption of ASU 2014-13, Long-term debt of the Consolidated CLOs has been remeasured in accordance with the new guidance (Notes 3 and 5). The subordinated notes of the Consolidated CLOs do not have a stated interest rate and have been excluded from the calculation of the weighted average borrowing rate. As of December 31, 2015, long-term debt of the Consolidated CLOs includes $153.1 million of credit funds.
[3] Long-term debt of warehouses not held by the Company is recorded at fair value. The fair value excludes the preferred shares of warehouses not held by the Company. As warehouses are generally terminated before the end of their terms, they are excluded from the calculation of the weighted average remaining maturity.
[4] March Junior Subordinated Notes bear interest at an annual rate of three month LIBOR plus 2.58% until maturity on October 30, 2035. Prior to April 30, 2015, these notes bore interest at an annual rate of 1%.
[5] Pursuant to the adoption of ASU 2015-03, the carrying values of recourse debt has been presented net of debt issuance costs
[6] October Junior Subordinated Notes bear interest at an annual rate of three month LIBOR plus 3.50% and mature on October 30, 2035.
[7] The Senior Notes bear interest at 8.5% and mature on October 30, 2025. As of January 1, 2016, the Company temporarily did not meet certain registration requirements under the indenture (and associated agreements) and incurred additional interest of 25 basis points per annum for the period ended March 31, 2016. Each 90 days thereafter interest will increase by 25 basis points (capped at 1% per annum) until cured. The Company has cured these conditions and expects the additional interest to end in July 2016.
[8] The Senior Notes bear interest at 8.5% and mature on October 30, 2025